Thursday, April 9, 2009

what they produce

What they Produce

Equatorial Guinea is the third-largest producer of crude oil in sub-Saharan Africa. Equatorial Guinea's oil reserves are located pretty much in the hydrocarbon-rich Gulf of Guinea, containing reserves as high as 10% of the world total. because of that large amounts of foreign investment primarily by U.S. companies have gone into the country's oil sector in resent years. Equatorial Guinea's total oil reserves a estimated at 1.1 billion barrels.

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